CV
PERSONAL IDENTIFICATION
Name: Ricardo Jorge Magalhães de
Abreu Santos Sousa.
Birth
date: 16 October 1976.
Birth
place: Ponte de Lima, Portugal.
Nationality:
Portuguese.
Civil
status: Single with two children.
E-mail: rjsousa@eeg.uminho.pt;
rjsousa@alumni.lse.ac.uk.
EDUCATION
2005-2008: PhD in
Economics, London School of Economics and Political Science.
2003-2005: MRes
(Master Research) in Economics, London School of Economics and
Political Science.
1999-2002: Master
(MPhil) in Economic Policy, University of Minho.
1995-1999: BSc in
Economics, University of Minho.
1994-1995: BSc in
Medicine (1st year), Faculty of Medicine, University of Porto.
1991-1994: Didálvi
College.
1986-1991: La Salle
College.
NON-ACADEMIC EXPERIENCE
2017-2019: Senior
Economist, Economic and Market Analysis Division (EMA), European
Stability Mechanism (ESM).
2016-2017: Senior
Economist, Committee on the Global Financial System (CGFS), Bank for
International Settlements (BIS).
2015-2016: Senior
Economist, Economics for the Latin America & the Caribbean Division
(ELAC), Bank for International Settlements (BIS).
2015: Visiting Scholar,
Research Department (RES), International Monetary Fund (IMF).
2013: Economist, Euro
Area Macroeconomic Developments Division (EAM), European Central Bank
(ECB).
2011-2012: Economist,
Macro Financial Analysis Division (MFAD), Bank of England.
2010: Visiting
Researcher, Research Department, Central Bank of Portugal.
2009: Consultant, Fiscal
Policies Division (FIP), European Central Bank (ECB).
2009: Researcher/PhD
Intern, International Policy Analysis Division (IPA), European Central
Bank (ECB).
2008: Consultant,
Monetary Policy Stance Division (MSN), European Central Bank (ECB).
2008: Researcher/PhD
Intern, Monetary Policy Stance Division (MSN), European Central Bank
(ECB).
2008: Researcher/PhD
Intern, Fiscal Policies Division (FIP), European Central Bank (ECB).
ACADEMIC
EXPERIENCE
2020-present:
Associate Professor with Habilitation, Department of Economics, University
of Minho.
Academic year
2023-2024, Advanced Macroeconomics
I (PhD in Economics), Topics of Financial Economics (MSc in
Monetary, Banking and Financial Economics), Econometrics
(MSc in Finance), Macroeconomics II (BSc in Economics).
Academic year
2022-2023, Advanced Macroeconomics
II (PhD in Economics), Topics of Financial Economics (MSc in
Monetary, Banking and Financial Economics), Macroeconomics II (BSc in
Economics).
Academic year
2021-2022, Advanced Macroeconomics
I (PhD in Economics), Topics of Financial Economics (MSc in
Monetary, Banking and Financial Economics), Macroeconomics II (BSc in
Economics).
Academic year
2020-2021, Topics of Financial Economics (MSc in Monetary,
Banking and Financial Economics), Macroeconomics II (BSc in Economics).
2018-2020:
Associate Professor with Tenure (on leave),
Department of Economics, University of Minho.
2012-2018: Assistant Professor with Tenure (on leave), Department of Economics, University
of Minho.
Academic year
2014-2015, Computational Methods Applied to Economics (MPhil/PhD
in Economics), Topics of Financial Economics (MSc in Monetary, Banking
and Financial Economics), Macroeconomics II (BSc in Economics).
Academic year
2013-2014, Mathematical Economics (MPhil/PhD in Economics), Topics
of Financial Economics (MSc in Monetary, Banking and Financial Economics), Macroeconomics
II (BSc in Economics).
2008-present:
Effective Member, Economic Policies Research Unit (NIPE), University of
Minho.
2008-present:
Researcher, LSE Alumni Association, London School of Economics and Political
Science.
2008-2012:
Assistant Professor, Department of Economics, University of Minho.
Academic year
2012-2013, Computational Methods Applied to Economics (MPhil/PhD
in Economics), Topics of Financial Economics (MSc in Monetary, Banking
and Financial Economics), Macroeconomics II (BSc in Economics), Economics
I (BSc in Accountancy).
Academic year
2010-2011, Computational Methods Applied to Economics (MPhil/PhD
in Economics), Financial Economics (MSc in Monetary, Banking and Financial
Economics), Macroeconomics II (BSc in Economics), Mathematical
Economics I (BSc in Economics).
Academic year
2009-2010, Mathematical Economics (MSc/PhD in Economics), Monetary
Economics (MSc in Monetary, Banking and Financial Economics), Financial
Economics (MSc in Monetary, Banking and Financial Economics), Mathematical
Economics I (BSc in Economics).
Academic year
2008-2009, Advanced Macroeconomics II (MSc in Economics), Mathematical
Economics (MSc in Economics), Complements of Macroeconomics (MSc in
Economics, Markets and Public Policies), Monetary and Financial Economics (BSc
in Economics), Macroeconomics II (BSc in Economics), Mathematical
Economics I (BSc in Economics), and Economics and Monetary Policy (BSc
in Management).
Academic year
2007-2008, Mathematical Economics (MSc in
Economics), Economic Analysis (MSc in Maths), Macroeconomics II (BSc
in Economics) and Optimization and Economic Modelling (BSc in Maths).
2006-2007:
Research Assistant, Financial Markets Group (FMG), London School of Economics
and Political Science.
2006-2007:
Teaching Fellow, Department of Economics, London School of Economics and
Political Science.
Academic year
2006-2007, EC437 – Financial Econometrics, for Dr. Vassilis
Hajivassiliou and EC400 – Introductory Courses in Maths and Statistics for
MSc Students (Revision Maths and Maths for Micro), for Dr. Margaret Bray
and Dr. Georg Weizsacker.
2004-2006:
Graduate Teaching Assistant, Department of Economics, London School of
Economics and Political Science.
Academic year
2005-2006, EC210 – Macroeconomic Principles, for Dr. Javier
Ortega and Dr. Eran Yashiv and EC400 – Introductory Courses in Maths and
Statistics for MSc Students (Maths and Maths for Micro), for Dr. Margaret
Bray and Dr. Gilat Levy.
Academic year
2004-2005, EC210 – Macroeconomic Principles, for Dr. Barbara
Petrongolo and Dr. Eran Yashiv.
2002-2008:
Assistant, Department of Economics, University of Minho.
Academic year
2002-2003, Stabilizing Economic Policies (MSc in Economic
Policy), Macroeconomic Analysis I (BSc in Economics), Economics II (BSc
in Management), Political Economy II (BSc in Public Administration).
2000-2002:
Teaching Assistant, Department of Economics, University of Minho.
Academic year
2001-2002, Political Economy (BSc in Law).
Academic year
2000-2001, Macroeconomic Analysis (BSc in International
Relations), Methods and Technics of Planning (BSc in Geology).
2000:
Research Assistant, Economic Policies Research Unit (NIPE), University of
Minho. Research project: “Macroeconomic performance indicators of
Cávado's NUT: comparative analysis with the major NUTS III of the Continent,
the Continent and Galicia”.
1999-2000:
Research Assistant, Applied Microeconomics Research Unit (NIMA), University
of Minho. Research project: “Globalization and Social Exclusion”,
European Commission, IV R&D Program, TSER Program.
EDITORIAL
EXPERIENCE
2020-present:
Associate Editor of the Economic Modelling.
RESEARCH
Research interests: Empirical Finance and Asset Pricing
Models, International Finance, Corporate Finance, Macroeconomics, Housing
Economics, Monetary and Fiscal Policy, Emerging Market Economies,
Macro-Econometrics and Quantitative Methods, Economic Modeling, Bayesian Model
Averaging and Bayesian Econometrics, Energy
Economics, Development and Growth, Political Economy, and Regional and
Urban Economics.
ORCID: 0000-0002-8279-5753. [https://orcid.org/0000-0002-8279-5753?lang=en]
Scopus Author ID: Citations: 2,307; h-index: 28 [https://www.scopus.com/authid/detail.uri?authorId=35270013700]
Researcher ID:
F-8013-2010; Citations: 1,961; h-index: 26. [http://www.researcherid.com/rid/F-8013-2010]
Google Scholar:
Citations: 5,373; h-index: 37; i10-index: 94.
[http://scholar.google.com/citations?user=6kqFx8oAAAAJ]
Ideas RePEc:
Citations: 2,049; h-index: 27; i10-index: 54.
[http://ideas.repec.org/e/pso60.html]
(Ranked #6 among
'authors in Portugal', top 1%). [http://ideas.repec.org/top/top.portugal.html#authors]
(Ranked #773 among
'Top 10% authors (Last 10 Years Publications)'). [https://ideas.repec.org/top/top.person.all10.html]
SSRN: [http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=475556]
CiênciaVitae: [https://www.cienciavitae.pt/portal/181A-7703-A069].
Dissertations
[2] Sousa, Ricardo M.
(2008), Consumption, Housing and Financial Wealth, Asset Returns, and
Monetary Policy, Thesis submitted to the Department of Economics of
the London School of Economics and Political Science (LSE) for
the degree of Doctor of Philosophy (PhD). Supervisors: Dr. Alexander
Michaelides (LSE) and Dr. Christian Julliard (LSE). Committee: Professor Oliver
Linton (LSE), Dr. Alexander Michaelides (LSE), Dr. Christian Julliard (LSE) and
Dr. Kevin Sheppard (University of Oxford).
[1] Sousa, Ricardo M.
(2002), Stock Market, Wealth, and Consumption, Thesis submitted to
the Department of Economics of the University of Minho for the
degree of Master of Philosophy (MPhil). Supervisor: Professor Dolores Cabral
(University of Minho). Committee: Professor António Ferraz (University of
Minho), Professor Dolores Cabral (University of Minho) and Professor Álvaro
Aguiar (University of Porto).
Selected Publications
[81] “Oil shocks
and financial stability in MENA countries”. Resources Policy, 2024,
89, 104653. (with A.H. Elsayed and K. Sohag) [ISI JCR Impact Factor (2022): 10.2].
[80] “Making sense of uncertainty: The case of the Scandinavian banking
sector”. International Journal of
Finance & Economics, 2023, forthcoming. (with V. Forsström, K. Lind, G.S. Uddin and R.
Jayasekera) [ISI JCR Impact Factor (2022): 2.9]
[79] "Bitcoin
market networks and cyberattacks", Physica A: Statistical Mechanics and its Applications, 2023, 630, 129165. (with M. Costantini, A. Maaitah
and T. Mishra) [ISI JCR Impact Factor (2022): 3.3]
[78] “A quest between fiscal and market discipline”. Economic Modelling, 2023, 119, 106119. (with L.
Agnello and V. Castro) [ISI JCR Impact Factor (2022): 4.7]
[77] “Interest rate gaps in an uncertain global context: Why “too” low (high)
for “so” long?”. Empirical Economics, 2023, 64, 539-565. (with L. Agnello and V. Castro)
[ISI JCR Impact Factor (2022): 3.2]
[76] "COVID-19 news and US equity market interactions: An inspection
through econometric and machine learning lens". Annals of Operations Research, 2022, forthcoming.
(with R.K. Jana, I. Ghosh, F. Jawadi and G. Salah
Uddin) [ISI JCR Impact Factor (2022): 4.8]
[75]
"International
monetary policy and cryptocurrency markets: Dynamic and spillover
effects". European Journal of
Finance, 2022, forthcoming.
(with A.H. Elsayed) [ISI JCR Impact Factor (2022): 2.5]
[74]
"Bank
credit risk and macro-prudential policies: Role of counter-cyclical capital
buffer". Journal of Financial
Stability, 2022, 63, 101084. (with N. Benbouzid, A. Kumar, S.K. Mallick and A.
Stojanovic)
[ISI JCR Impact Factor (2021): 3.554]
[73]
“On the
international co-movement of natural interest rates”. Journal of International Financial Markets, Institutions & Money, 2022, 80, 101610. (with L. Agnello and V. Castro) [ISI JCR Impact Factor (2021): 4.217]
[72]
"Do
pandemic, trade policy and world uncertainties affect oil price returns?",
Resources Policy, 2022,
77, 102705. (with S. Hammoudeh, G. Salah Uddin, C. Wadström and R. Zaman
Sharmi) [ISI
JCR Impact Factor (2020): 5.634]
[71] "The dual
shocks of the COVID-19 and the oil price collapse: A spark or a setback for the
circular economy?", Energy Economics, 2022, 109, 105913. (with Y. Errami, S.
Hammoudeh, K. Kasmaoui and R. Selmi) [ISI JCR Impact Factor (2020): 7.042]
[70] “What uncertainty does to euro area sovereign bond markets: Flight to
safety and flight to quality”, Journal
of International Money and Finance, 2022, 122, 102574. (with M.
Costantini) [ISI JCR Impact
Factor (2020): 2.731]
[69] “Inflation synchronization among the G7 and
China: The important role of oil inflation”, Energy Economics, 2021, 100, 105332. (with A.H. Elsayed
and S. Hammoudeh) [ISI JCR Impact Factor (2020): 7.042]
[68] “External debt composition and domestic credit cycles”,
Journal of International Money
and Finance, 2021, 115,
102377. (with S. Avdjiev and S. Binder) [ISI JCR Impact Factor (2020): 2.731]
[67] "On the duration of sovereign ratings
cycle phases", Journal of
Economic Behavior & Organization,
2021, 182, 512-526. (with L. Agnello and V. Castro) [ISI JCR Impact Factor (2020): 1.635]
[66] “What can fifty-two collateralizable wealth measures tell us about future
housing market returns? Evidence from U.S. state-level data”, Journal of Real Estate Finance and Economics, 2021, 62, 81-107. (with M.
Balcilar, R. Gupta and M.E. Wohar) [ISI JCR
Impact Factor (2020): 1.479]
[65] “Linking U.S. state-level housing market returns and the
consumption-(dis)aggregate wealth ratio”, International Review of Economics and Finance, 2021, 71, 779-810. (with M.
Balcilar, R. Gupta and M.E. Wohar) [ISI JCR
Impact Factor (2020): 2.522]
[64] "The housing cycle: What role for
mortgage market development and housing finance?", Journal of Real Estate Finance and Economics, 2020, 61, 607-670. (with L.
Agnello and V. Castro) [ISI JCR Impact
Factor (2019): 0.967]
[63] “Unconventional monetary reaction functions:
Evidence from the U.S.”, Studies in Nonlinear Dynamics and Econometrics, 2020, 24(4), 20180088. (with L.
Agnello, V. Castro, F. Jawadi and G. Dufrénot) [ISI
JCR Impact Factor (2019): 0.533]
[62] “Global factors, uncertainty, weather
conditions and energy prices: On the drivers of the duration of commodity price
cycles”, Energy Economics, 2020, 90, 104862. (with L.
Agnello, V. Castro and S. Hammoudeh) [ISI JCR Impact Factor
(2019): 5.203]
[61] “Consumption, asset wealth, equity premium, term spread and flight to
quality”, European Financial
Management, 2020,
26(3), 778-807. (with M. Costantini) [ISI JCR Impact Factor (2019): 1.470]
[60] “How does monetary
policy respond to the dynamics of the shadow banking sector?”, International
Journal of Finance and Economics, 2020, 25(2), 228-247. (with L. Agnello, V. Castro and F. Jawadi) [ISI JCR Impact Factor (2019): 0.943]
[59] “U.S. equity and commodity futures markets: hedging or
financialization?”, Energy Economics,
2020, 86, 104660. (joint with D.K. Nguyen, A. Şensoy and G.S.
Uddin) [ISI JCR Impact Factor (2019): 5.302]
[58] “A competing risks tale on successful and unsuccessful fiscal
consolidations”, Journal of
International Financial Markets, Institutions and Money, 2019,
63, 101148. (with L. Agnello and V. Castro) [ISI JCR Impact Factor (2018): 1.719]
[57] “Can the consumption-wealth
ratio predict housing returns? Evidence from OECD countries”, Real
Estate Economics, 2019,
47(4), 935-956. (with G.M. Caporale and M.E. Wohar) [ISI
JCR Impact Factor (2018): 1.103]
[56] “Asset returns under
model uncertainty: Evidence from the euro area, the U.K. and the U.S.“, Computational
Economics, 2019, 54(1), 139-176. (with
J. Sousa) [ISI J6R Impact Factor (2018): 1.038]
[55] “The legacy and the tyranny of time: Exit and
re-entry of sovereigns to international capital markets", Journal of Money, Credit and Banking,
2018, 50(8), 1969-1994. (with L. Agnello and V. Castro) [ISI JCR Impact Factor
(2017): 1.470]
[54] "Economic activity, credit market conditions
and the housing market", Macroeconomic
Dynamics, 2018, 22(7), 1769-1789. (with L. Agnello and V.
Castro) [ISI JCR Impact Factor
(2017): 0.723]
[53] "Wealth-to-income ratio and stock market
movements: Evidence from a nonparametric causality test", International Review of Finance, 2018,
18(3), 495-506. (with M. Balcilar, R. Gupta and M.E. Wohar) [ISI JCR Impact Factor
(2017): 0.633]
[52] "Do IMF fiscal forecasts add value?", Journal of Forecasting, 2018,
37, 650-665. (with Z. An, J.T. Jalles and P. Loungani) [ISI JCR Impact Factor (2017): 0.934]
[51] “The
impact of fiscal consolidation on human development”, Journal of
International Development, 2018, 30(3), 399-429. (with L. Agnello, V. Castro and J.
Jalles) [ISI JCR Impact Factor (2017): 0.863]
[50] "Financial markets'
shutdown and re-access", Economic Inquiry, 2018, 56(1), 562-571. (with L. Agnello
and V. Castro) [ISI JCR Impact Factor (2017): 1.031]
[49] "A forensic
perspective of the determinants of banks' CDS spreads", Journal
of Financial Stability, 2017,
33, 60-70.
(with N. Benbouzid and S.K. Mallick) [ISI JCR Impact Factor
(2016): 1.946]
[48] "Predicting
risk premium under changes in the conditional distribution of stock
returns", Journal of International Financial Markets,
Institutions and Money, 2017,
50, 204-218. (with J. Sousa) [ISI JCR Impact Factor (2016): 1.379]
[47] “On the macroeconomic
impact and the wealth effects of unconventional monetary policy”, Macroeconomic
Dynamics, 2017, 21(5), 1189-1204. (with F. Jawadi
and R. Traverso) [ISI JCR Impact Factor (2016): 0.718]
[46] “The skill premium
effect of technological change: Evidence from the US manufacturing
sector“, International Labour Review, 2017,
155(1), 113-131. (with S.K. Mallick) [ISI JCR Impact Factor
(2016): 0.643]
[45] “Do country-level
financial structures explain bank-level CDS ?”, Journal of
International Financial Markets, Institutions and Money, 2017,
48, 135-145. (with N. Benbouzid and S.K. Mallick) [ISI JCR Impact Factor
(2016): 1.379]
[44] “Income
inequality, fiscal stimuli and political (in)stability”, International
Tax and Public Finance, 2017, 24(3), 484-511. (with
L. Agnello, V. Castro and J. Jalles) [ISI JCR Impact Factor
(2016): 0.624]
[43] “The predictability of cay and cayMS
for stock and housing returns: A nonparametric causality in quantile test“, International Review of Economics and Finance, 2017, 48, 269-279. (with M. Balcilar, R. Gupta and
M.E. Wohar) [ISI JCR Impact Factor (2016): 1.261]
[42] “Spillovers from the oil market to
the housing market cycle”, Energy Economics, 2017, 61,
209-220. (with L. Agnello, L., V. Castro and S. Hammoudeh) [ISI
JCR Impact Factor (2016): 3.199]
[41] “Fiscal and monetary policies in the BRICS: A
panel VAR approach", Economic Modelling, 2016,
58, 535-542. (with F. Jawadi and S.K. Mallick) [ISI JCR Impact Factor (2015): 0.997]
[40] "National fiscal consolidations
and regional inequality in Europe", Cambridge
Journal of Regions, Economy and Society, 2016, 9(1),
59-80. (with L. Agnello and G. Fazio) [ISI JCR Impact Factor
(2015): 2.111]
[39] “Predicting asset
returns in the BRICs: The role of macroeconomic and fundamental
predictors", International Review of Economics and Finance, 2016,
41, 122-143. (with A. Vivian and M.E. Wohar) [ISI JCR Impact
Factor (2015): 1.846]
[38] “Booms, busts and normal
times in the housing market", Journal of Business& Economic Statistics, 2015,
33(1), 25-45. (with L. Agnello and V. Castro) [ISI
JCR Impact Factor (2014): 2.241]
[37] “US monetary policy and
commodity sector prices", Journal of International Money and
Finance, 2015, 57, 61-85. (with S. Hammoudeh and D.K.
Nguyen) [ISI
JCR Impact Factor (2014): 2.117]
[36] "Is fiscal fatigue
a threat to consolidation programmes?", Environment &
Planning C: Government & Policy, 2015, 33(4), 765-779.
(with L. Agnello and V. Castro) [ISI JCR Impact
Factor (2014): 1.535]
[35] “Can re-regulation of
the financial sector strike back public debt?", Economic
Modelling, 2015, 51, 159-171. (with L. Agnello) [ISI
JCR Impact Factor (2014): 0.827]
[34]“”An empirical analysis of
energy cost pass-through to CO2 emission prices”, Energy Economics, 2015, 49,
149-156. (with S. Hammoudeh, A. Lahiani and D.K. Nguyen) [ISI
JCR (Economics) Impact Factor (2014): 2.708]
[33] ”What determines
the likelihood of structural reforms?", European Journal of Political Economy, 2015, 37,
129-145. (with L. Agnello, V. Castro and J. Jalles) [ISI
JCR (Economics) Impact Factor (2014): 1.468]
[32] “Linking wealth
and labour income with stock returns and government bond yields", European
Journal of Finance, 2015, 21(10/11), 806-825. [ISI
JCR (Business and Finance) Impact Factor (2014): 0.750]
[31] “Fiscal consolidation
and financial reforms", Applied Economics, 2015,
47(34-35), 3740-3755. (with L. Agnello, V. Castro and J. Jalles) [ISI
JCR Impact Factor (2014): 0.613]
[30] “Consumption growth,
preference for smoothing, changes in expectations and risk premium", Quarterly
Review of Economics and Finance, 2015, 56,
80-97. (with M.J. Rocha Armada and M.E. Wohar)
[29] “What is the
impact of wealth shocks on asset allocation?”, Quantitative Finance, 2015,
15(3), 493-508. [ISI JCR Impact Factor (2014): 0.653]
[28] “Testing for asymmetric
causality between U.S. equity returns and commodity futures returns", Finance Research Letters, 2015, 12,
38-47. (with D.K. Nguyen and G.S. Uddin) [ISI JCR Impact Factor
(2014): 0.646]
[27] “Nonlinear effects of
asset prices on fiscal policy: Evidence from the UK, Italy and Spain”, Economic
Modelling, 2015, 44, 358-362. (with L. Agnello
and G. Dufrénot) [ISI JCR Impact Factor (2014): 0.827]
[26] “How does fiscal
consolidation impact on income inequality?”, Review of Income and
Wealth, 2014, 60(4), 702-726. (with L. Agnello) [ISI
JCR Impact Factor (2013): 0.74]
[25] “What explains the
short-term dynamics of the prices of CO2 emissions?", Energy Economics, 2014, 46,
122-135. (with S. Hammoudeh and D.K. Nguyen) [ISI JCR Impact Factor
(2013): 2.58]
[24] “Fiscal adjustments,
labour market flexibility and unemployment", Economics Letters, 2014,
124(2), 231-235. (with L. Agnello, V. Castro and J. Jalles) [ISI
JCR Impact Factor (2013): 0.457]
[23] “Energy prices and CO2
emission allowance prices: A quantile regression approach", Energy Policy, 2014, 70,
201-206. (with S. Hammoudeh and D.K. Nguyen) [ISI
JCR Impact Factor (2013): 2.696]
[22] “Nonlinear
monetary policy reaction functions in large emerging economies: The case of
Brazil and China”, Applied Economics, 2014,
46(9), 973-984. (with F. Jawadi and S.K. Mallick) [ISI
JCR Impact Factor (2013): 0.518]
[21] “The effects of
monetary policy in a small open economy: The case of Portugal”, Applied
Economics, 2014, 46(2), 240-251. [ISI
JCR Impact Factor (2013): 0.518]
[20] “Using
time-varying transition probabilities in Markov switching processes to adjust
US fiscal policy for asset prices”, Economic Modelling, 2013,
34, 25-36. (with L. Agnello and G. Dufrénot) [ISI
JCR Impact Factor (2012): 0.557]
[19] "How best to
measure discretionary fiscal policy? Assessing its impact on private
spending", Economic Modelling, 2013, 34,
15-24. (with L. Agnello and D. Furceri) [ISI JCR Impact Factor
(2012): 0.557]
[18] "Political,
institutional and economic factors underlying deficit volatility", Review
of International Economics, 2013, 21(4), 719-732. (with
L. Agnello) [ISI JCR Impact Factor (2012): 0.708]
[17] “What determines
the duration of a fiscal consolidation program?”, Journal of
International Money and Finance, 2013, 37, 113-134. (with
L. Agnello and V. Castro) [ISI JCR Impact Factor (2012): 0.858]
[16] “The real effects
of financial stress in the Eurozone”, International Review of
Financial Analysis, 2013, 30, 1-17. Lead
article. (with S.K. Mallick)
[15] “Money demand in
the euro area, the US and the UK: Assessing the role of
nonlinearity", Economic Modelling, 2013,
32(1), 507-515. (with F. Jawadi) [ISI
JCR Impact Factor (2012): 0.557]
[14] “Real effects of
monetary policy in large emerging economies”, Macroeconomic Dynamics, 2012,
16(S2), 190-212. (with
S.K. Mallick) [ISI JCR Impact Factor (2011): 0.452]
[13] “How does fiscal
policy react to wealth composition and asset prices?”, Journal of
Macroeconomics, 2012, 34(3), 874-890. (with L. Agnello and
V. Castro) [ISI JCR Impact Factor (2011): 0.496]
[12] “Financial reforms and
income inequality“, Economics
Letters, 2012, 116(3), 583-587. (with
L. Agnello and S.K. Mallick) [ISI JCR Impact Factor (2011): 0.447]
[11] “Investment in emerging
market economies“, Empirical Economics, 2012, 43(1), 97-119. (with T. Peltonen
and I. Vansteenkiste) [ISI JCR Impact Factor (2011): 0.597]
[10] “Wealth effects in
emerging market economies”, International Review of Economics and
Finance, 2012, 24(2), 155-166. (with T. Peltonen and I.
Vansteenkiste) [ISI JCR Impact Factor (2011): 0.927]
[9] “How do central
banks react to wealth composition and asset prices?", Economic Modelling, 2012,
29(3), 641-653. (with V. Castro) [ISI JCR Impact Factor (2011): 0.701]
[8] “The macroeconomic
effects of fiscal policy”, Applied Economics, 2012,
44(34), 4439-4454. (with A. Afonso) [ISI JCR Impact Factor
(2011): 0.459]
[7] “Assessing
long-term fiscal developments: a new approach”, Journal of
International Money and Finance, 2011, 30(1), 130-146.
(with A. Afonso, L. Agnello and D. Furceri) [ISI JCR Impact
Factor (2010): 0.836]
[6] “What are the
effects of fiscal policy on asset markets?“, Economic Modelling, 2011,
28(4), 1871-1890. (with A. Afonso) [ISI JCR Impact Factor
(2010): 0.601]
[5] “The impact of government
spending on the private sector: crowding-out versus crowding-in effects”, Kyklos, 2011,
64(4), 516-533. Lead article. (with D. Furceri) [ISI
JCR Impact Factor (2010): 1.127]
[4] “Fundamentals, financial
factors and the dynamics of investment in emerging markets“, Emerging Markets Finance
and Trade, 2011, 47(03S2),
88-105. (with T. Peltonen and I. Vansteenkiste) [ISI JCR Impact
Factor (2010): 0.444]
[3] “Building
empirical proxies that capture time-variation in expected returns using a VAR approach”, Applied
Financial Economics, 2011, 21(3), 147-163.
[2] “Consumption,
(dis)aggregate wealth and asset returns“, Journal of Empirical
Finance, 2010, 17(4), 606-622. [ISI
JCR Impact Factor (2010): 0.807]
[1] “Housing wealth,
financial wealth, money demand and policy rule: evidence from the euro
area", North American Journal of Economics and Finance, 2010,
21(1), 88-105.
Other Publications
[37] "Os
20 anos do euro: O problema das lentes a “preto e zero”". Crítica
Económica e Social, 2019, 20 (November-December), 19-24. (with
R. Cabral) (republished from Público,
2019, October 23rd)
[36] “Systemic
financial crises and the housing market cycle”, Applied Economics
Letters, 2018, 25(10), 724-729. (with L. Agnello
and V. Castro) [ISI JCR Impact Factor (2017): 0.504]
[35] “How do fiscal
consolidation and fiscal stimuli impact on the synchronization of business
cycles?”, Bulletin
of Economic Research, 2017,
69(4), 309-329. (with L. Agnello and G.M. Caporale) [ISI
JCR Impact Factor (2016): 0.358]
[34] "Assessing
financial and housing wealth effects through the lens of a nonlinear
framework", Research in International Business and Finance, 2017,
39(B), 840-850. (with F. Jawadi and R. Soparnot)
[33] “Financial stress and
sovereign debt composition”, Applied Economics Letters, 2016,
23(9), 678-683. (with L. Agnello, V. Castro and J. Jalles) [ISI
JCR Impact Factor (2015): 0.378]
[32] “Consumption,
wealth, stock and housing returns: Evidence from emerging markets”, Research
in International Business and Finance, 2016, 36,
562-578. (with G.M. Caporale)
[31] “Do debt crises boost
financial reforms?", Applied Economics
Letters, 2015,
22(5), 356-360. (with L. Agnello, V. Castro and J. Jalles) [ISI
JCR Impact Factor (2014): 0.303]
[30] “Modelling the
relationship between consumption and wealth in the US, the UK and the euro
area", Revue d'Economie Politique, 2014,
124(4), 639-652. (with F. Jawadi) [ISI JCR Impact Factor
(2013): 0.145]
[29] “Fiscal policy in
the BRICs”, Studies in Nonlinear Dynamics and Econometrics, 2014,
18(2), 201-215. (with F. Jawadi and S.K. Mallick) [ISI
JCR Impact Factor (2013): 0.276]
[28] "The
determinants of the volatility of fiscal policy discretion", Fiscal
Studies, 2014, 35(1), 91-115. (with L. Agnello) [ISI
JCR Impact Factor (2013): 0.319]
[27] "Windfall gains and
labour supply: Evidence from the European Household Panel", IZA
Journal of Labor Economics, 2014, 3(1), 1-27. (with U.
Sila)
[26] “Wealth, asset portfolio,
money demand and policy rule”, Bulletin of Economic Research, 2014, 66(1),
95-111. [ISI
JCR Impact Factor (2013): 0.333]
[25] “Commodity prices,
inflationary pressures, and monetary policy: Evidence from BRICS
economies”, Open Economies Review, 2013, 24(4),
677-694. (with S.K. Mallick) [ISI JCR Impact Factor
(2012): 0.404]
[24] “Modelling money
demand: Further evidence from an international comparison”, Applied
Economics Letters, 2013, 20(11), 1052-1055. (with F.
Jawadi) [ISI
JCR Impact Factor (2012): 0.295]
[23] “Fiscal policy and asset
prices", Bulletin
of Economic Research, 2013, 65(2), 154-177. (with L.
Agnello) [ISI
JCR Impact Factor (2012): 0.289]
[22] “Discretionary
government consumption, private domestic demand, and crisis episodes", Open
Economies Review, 2013, 24(1), 79-100. (with L. Agnello and D.
Furceri) [ISI
JCR Impact Factor (2012): 0.404]
[21] “Structural breaks
and nonlinearity in US and UK public debt", Applied Economics Letters, 2013, 20(7), 653-657. (with F.
Jawadi) [ISI
JCR Impact Factor (2012): 0.295]
[20] “Fiscal
adjustments and income inequality: A first assessment”, Applied Economics
Letters, 2012,
19(16), 1627-1632. (with L. Agnello) [ISI JCR Impact Factor
(2011): 0.226]
[19] “How do banking
crises impact on income inequality?”, Applied Economics Letters, 2012,
19(15), 1425-1429. (with L. Agnello) [ISI JCR Impact Factor
(2011): 0.226]
[18] “Wealth-to-income
ratio, government bond yields and financial stress in the Euro Area”, Applied Economics
Letters, 2012,
19(11), 1085-1088. [ISI JCR Impact Factor (2011): 0.226]
[17] “Wealth-to-income
ratio and stock returns: Evidence from the Euro Area”, Applied Economics Letters, 2012,
19(7), 619-622. [ISI JCR Impact Factor (2011): 0.226]
[16] “Time-varying expected returns:
evidence from the U.S. and the U.K.”, Applied Economics Letters, 2012,
19(5), 413-416. [ISI JCR Impact Factor (2011): 0.226]
[15] “Consumption, wealth,
stock and government bond returns: international evidence”, The
Manchester School, 2011, 79(6), 1294-1332. (with
A. Afonso) [ISI JCR Impact Factor (2010): 0.333]
[14] “Fiscal regime shifts in
Portugal“, Portuguese Economic
Journal, 2011,
10(2), 83-108. (with A. Afonso and P. Claeys) [ISI JCR Impact Factor
(2010): 0.25]
[13] “The macroeconomic
effects of fiscal policy in Portugal: a Bayesian SVAR analysis”, Portuguese Economic
Journal, 2011,
10(1), 61-82. (with A. Afonso) [ISI JCR Impact Factor (2010): 0.25]
[12] “Assessing
long-term fiscal developments: evidence from Portugal”, Applied
Economics Letters, 2011, 18, 1-5. Lead article.
(with A. Afonso) [ISI JCR Impact Factor (2010): 0.245]
[11] “Can fiscal policy
stimulus boost economic recovery?”, Revue Économique, 2011,
62(6), 1045-1066. (with L. Agnello)
[10] “Does government spending
crowd-out private consumption and investment? Theory and some empirical
evidence”, World Economics, 2011, 12(4),
153-170. (with D. Furceri)
[9] “The consumption-wealth
ratio and asset returns: The Euro Area, the UK and the
US”, Journal of Money, Investment and Banking, 2010, 16, 12-28.
[8] “Wealth effects on
consumption: evidence from the euro area”, Banks and Bank Systems, 2010, 5(2), 78-87.
[7] “How do consumption and
asset returns react to wealth shocks: evidence from the U.S. and the U.K.”, The
Empirical Economics Letters, 2010, 9(5), 515-522.
[6] “Financial wealth,
housing wealth, and consumption“, International Research Journal of
Finance and Economics, 2008, 19, 167-191.
[5] “Some employment
indicators of the North of Portugal“, Eco Revista del Eje Atlântico, 2003,
N.o 147, August, A Coruña, 43.
[4] “Demographical
dynamics of the North of Portugal and Galiza: a comparative perspective“, Eco
Revista del Eje Atlântico, 2003, N.o 142, March, A Coruña, 29.
[3] “Economic performance
indicators: a synthesis“, Cadernos de Estudos Municipais, 2002,
N.o 13, June, University of Minho, 117-132. (with J. Cadima Ribeiro
and D. Cabral)
[2] “Profile of the
low-wages worker and company in Portugal“, Economia, 2000,
Vol. XXIV, January-May-October, Portuguese Catholic University, Lisbon,
53-66. (with
A.R. Cardoso,
V. Castro and P. Ferreira)
[1] “Municipal
development dynamics in the Cávado's Valley - A reflection from some employment
indicators“, Cadernos de Estudos Municipais, 1999,
N.o 11-12, June-December, University of Minho, 243-253.
(with D. Cabral)
Book Chapters
[6] "How accurate are
private sector fiscal forecasts? Evidence from the Great Recession",
In: 21st Federal Forecasters Consortium Conference, Papers and
Proceedings, U.S. Department of Veterans Affairs, 4
September, 2015, Milwaukee, Wisconsin, USA. (with Z. An, J.T.
Jalles and P. Loungani)
[5] “The impact of income
inequality and fiscal stimuli on political (in)stability”, In: Beyond the
austerity dispute: New priorities for fiscal policy, 17th Workshop on
Public Finance organised by Banca d'Italia in Perugia, 9-11 April, 2015, Banca d'Italia, Perugia, Italy. (with
L. Agnello, V. Castro and J.T. Jalles)
[4] “Fiscal policy and asset
price cycles: Evidence from four European countries”, In: Fiscal
Policy and Macroeconomic Imbalances, 15th Workshop on Public Finance
organised by Banca d'Italia in Perugia, 4-6 April, 2013, Banca d'Italia, Perugia, Italy. (with
L. Agnello and G. Dufrénot)
[3] “Can the wealth-to-income
ratio be a useful predictor in Alternative Finance? Evidence from the housing
risk premium”, In:
Barnett, W.A.; Jawadi, F. (Eds.), Recent Developments in Alternative
Finance: Empirical Assessments and Economic Implications, International Symposia
in Economic Theory and Econometrics, 2012, Emerald Group Publishing, Bingley, UK. (with
M.J. Rocha Armada)
[2] “Collateralizable
wealth, asset returns and systemic risk: international evidence”, In: Barnett,
W.A.; Jawadi, F. (Eds.), Nonlinear Modeling of Economic and Financial
Time-Series, International Symposia in Economic Theory and
Econometrics, 2010, 20, 1-27, Emerald Group Publishing,
London. Lead Chapter.
[1] “Wealth effects on
consumption”, In: Boskins, A.P. (Ed.), Consumer Economics: New Research, Nova
Science Publishers, New York, 2008.
Policy Papers
[20] "The benevolence of time, sound macroeconomic environment and
governance quality on the duration of sovereign ratings phases", European
Stability Mechanism, ESM Working Paper No. 34. 2019. (with L. Agnello and V. Castro)
[19] "Lessons from the last euro area capital flows boom-bust
cycle", European Stability
Mechanism, ESM Discussion Paper No. 3. In: ESM (Ed.), Cross-border capital flows and capital
markets union: Quo vadis Europe? European Stability Mechanism (ESM):
Luxembourg, 5-18. 2018. (with S. Armendariz, S. and A. Gavilán).
[18] “External
debt composition and domestic credit cycles”, European
Stability Mechanism, ESM Working Paper No. 28. 2018. (with
S. Avdjiev and S. Binder)
[17] “Does exchange rate depreciation have contractionary effects on
firm-level investment? The implications of alternative types of bond
financing”, European Stability
Mechanism, ESM Working Paper No. 26. 2018. (with J.M. Serena)
[16] “Assessing fiscal policy
stance through the lens of the financial and the commodity price cycles”, Bank for International
Settlements, BIS Working Paper No. 638. 2017. (with
E. Alberola-Ila)
[15] “External debt
composition and credit cycles”, Bank for International
Settlements, BIS Working Paper No. 627. 2017. (with S. Avdjiev
and S. Binder)
[14] “Repo market
functioning”, Bank for International Settlements, CGFS Papers, 2017, 59,
1-65. Report prepared by a Study Group established by the Committee on the Global
Financial System (CGFS).
[13] “Does exchange rate
depreciation have contractionary effects on firm-level investment? The
implications of alternative types of bond financing”, Bank for International Settlements, BIS
Working Paper No. 624. 2017.(with J.M. Serena)
[12] “Inflation expectations
and monetary policy", In: Bank for International Settlements, Ed., Inflation
mechanisms, expectations and monetary policy, Bank for
International Settlements, BIS Papers, 2016, 89,
41-67. (with J. Yetman)
[11] “Asset returns
under model uncertainty: Evidence from the euro area, the U.K. and the
U.S.”, European Central Bank, ECB Working Paper No. 1575. 2013.
(with J. Sousa)
[10] “How does fiscal
consolidation impact on income inequality?”, Banque de France, Document
de Travail No. 382. 2011. (with L. Agnello)
[9] “Fiscal policy
discretion, private spending and crisis episodes”, Banque de France,
Document de Travail No. 354. 2011. (with L. Agnello and D.
Furceri)
[8] “Asset returns under
model uncertainty: Evidence from the euro area, the U.K. and the U.S.”, Central
Bank of Portugal, Economic and Research Department Working Paper No. 201119. 2011.
(with J. Sousa)
[7] “Can fiscal stimulus
boost economic recovery?", Banque de France, Document
de Travail No. 325. 2011.
(with L. Agnello)
[6] “Wealth effects on
consumption: evidence from the euro area”. European Central Bank,
ECB Working Paper No. 1050. 2009.
[5] “The determinants of
public deficit volatility“, European Central Bank,
ECB Working Paper No. 1042. 2009. (with
L. Agnello)
[4] “Assessing long-term
fiscal developments: a new approach”, European Central Bank, ECB
Working Paper No. 1032. 2009.
(with A. Afonso, L. Agnello and D. Furceri)
[3] “Wealth effects in emerging
market economies”. European Central Bank, ECB Working Paper No. 1000. 2009. (with T. Peltonen and I.
Vansteenkiste)
[2] “The macroeconomic
effects of fiscal policy”. European Central Bank, ECB Working Paper
No. 991. 2009.
(with A. Afonso)
[1] “Fiscal policy, housing
and stock prices”. European Central Bank, ECB Working Paper No. 990. 2009.
(with A. Afonso)
Working Papers
[58] “Housing market returns
and the consumption-(dis)aggregate wealth ratio: Evidence from U.S. state-level
data”,
University of Pretoria, Department of Economics, Working Paper No.
201942. 2019. (with
M. Balcilar, R. Gupta and M.E. Wohar)
[57] “The predictability of
cay and cayMS for stock and housing returns: A nonparametric causality in
quantile test”,
University of Pretoria, Department of Economics, Working Paper No.
201577. 2015. (with
M. Balcilar, R. Gupta and M.E. Wohar)
[56] “Testing for asymmetric
causality from U.S. equity returns to commodity futures returns", IPAG Business School,
Working Paper No. 2014-545. 2014. (with D.K. Nguyen and G.S. Uddin)
[55] “US monetary policy and
commodity sector prices",
IPAG Business School, Working Paper No. 2014-438. 2014. (with S. Hammoudeh and
D.K. Nguyen)
[54] “China's monetary policy
and commodity prices",
IPAG Business School, Working Paper No. 2014-298. 2014. (with S. Hammoudeh and
D.K. Nguyen)
[53] “Energy prices and CO2
emission allowance prices: A quantile regression approach", University of Minho,
NIPE Working Paper No. 6/2014; IPAG Business School, Working Paper No. 2014-185. 2014. (with S. Hammoudeh and
D.K. Nguyen)
[52] “Asymmetric and nonlinear
pass-through of energy prices to CO2 emission allowance prices”, University of
Minho, NIPE Working Paper No. 5/2014; IPAG Business School, Working Paper No.
2014-082. 2014. (with S. Hammoudeh,
Amine Lahiani and D.K. Nguyen)
[51] “What explains the
short-term dynamics of the prices of CO2 emissions?", University of Minho,
NIPE Working Paper No. 4/2014; IPAG Business School, Working Paper No.
2014-081. 2014. (with S. Hammoudeh and
D.K. Nguyen)
[50] “Fiscal adjustments and
business cycle synchronization”, CESifo Working Paper No. 4505; DIW
Berlin Working Paper No. 1339. 2013. (with L. Agnello and
G.M. Caporale)
[49] “The effects of monetary
policy in a small open economy: The case of Portugal”, University of Minho,
NIPE Working Paper No. 27/2012. 2012.
[48] “The skill premium
of technological change: Evidence from the US manufacturing sector”, University
of Minho, NIPE Working Paper No. 26/2012. 2012. (with S.K. Mallick)
[47] “Structural breaks and
nonlinearity in US and UK public debt”, University of Minho, NIPE Working Paper
No. 25/2012. 2012. (with F. Jawadi)
[46] “Consumption and wealth
in the US, the UK and the euro area: A nonlinear investigation”, University of Minho,
NIPE Working Paper No. 24/2012. 2012. (with F.
Jawadi)
[45] “Modelling money demand:
Further evidence from an international comparison”, University of Minho, NIPE
Working Paper No. 23/2012. 2012. (with F. Jawadi)
[44] “Money demand in the euro
area, the US and the UK: Assessing the role of nonlinearity”, University of
Minho, NIPE Working Paper No. 22/2012. 2012. (with F.
Jawadi)
[43] “Financial reforms and
income inequality”, University of Minho, NIPE Working Paper No. 21/2012. 2012.
(with L. Agnello and S.K. Mallick)
[42] “Adjusting the U.S.
fiscal policy for asset prices: Evidence from a TVP-MS framework”, University
of Minho, NIPE Working Paper No. 20/2012. 2012. (with
L. Agnello and G. Dufrénot)
[41] “Fiscal adjustments and
income inequality: A first assessment”, University of Minho, NIPE Working Paper
No. 19/2012. 2012. (with L. Agnello)
[40] “Are there change-points
in the likelihood of a fiscal consolidation ending?”, University of Minho, NIPE
Working Paper No. 18/2012. 2012. (with L. Agnello and V. Castro)
[39] “What determines the
duration of a fiscal consolidation program?”, University of Minho, NIPE Working
Paper No. 17/2012. 2012. (with L. Agnello and V. Castro)
[38] “How does fiscal
consolidation impact on income inequality?”, University of Minho, NIPE Working
Paper No. 34/2011. 2011. (with L. Agnello)
[37] “Are stock and housing
returns complements or substitutes? Evidence from OECD countries”, CESifo
Working Paper No. 3621; DIW Berlin
Working Paper No. 1158; Brunel University, Economics and Finance
Working Paper No. 11-15; University of Minho, NIPE Working Paper No.
33/2011. 2011. (with G.M. Caporale)
[36] “Consumption, wealth,
stock and housing returns: Evidence from emerging markets”, CESifo
Working Paper No. 3601; DIW Berlin Working Paper No. 1159;
Brunel University, Economics and Finance Working Paper No. 11-14;
University of Minho, NIPE Working Paper No. 32/2011. 2011. (with
G.M. Caporale)
[35] “Fiscal policy
discretion, private spending and crisis episodes”, University of Minho, NIPE
Working Paper No. 31/2011. 2011. (with L. Agnello and D. Furceri)
[34] “How do banking crises
impact on income inequality?”, University of Minho, NIPE Working Paper No.
30/2011. 2011. (with L. Agnello)
[33] “How does fiscal policy
react to wealth composition and asset prices?”, University of Minho, NIPE
Working Paper No. 24/2011. 2011. (with L. Agnello and V. Castro)
[32] “Wealth, labour income,
stock returns and government bond yields, and financial stress in the Euro
Area”, University of Minho, NIPE Working Paper No. 22/2011. 2011.
[31] “Asset returns
under model uncertainty: Evidence from the euro area, the U.K. and the U.S.”,
University of Minho, NIPE Working Paper No. 21/2011. (with J. Sousa)
[30] "Do windfall gains affect
labour supply? Evidence from the European Household Panel", University of Minho,
NIPE Working Paper No. 20/2011. 2011. (with U. Sila)
[29] “Fiscal policy in the
BRICs”, University of Minho, NIPE Working Paper No. 19/2011. 2011.
(with F. Jawadi and S.K. Mallick)
[28] “Monetary policy rules
in the BRICS: How important is nonlinearity?”, University of Minho, NIPE
Working Paper No. 18/2011. 2011. (with F. Jawadi and S.K. Mallick)
[27] “The real effects of
financial stress in the Eurozone”, University of Minho, NIPE Working Paper No.
12/2011. 2011. (with S.K. Mallick)
[26] “Consumption, wealth,
stock and government bond returns: international evidence”, University of Minho,
NIPE Working Paper No. 9/2011;
ISEG-Technical University of Lisbon (UTL), Working Paper No. 9/2011/DE/UECE. 2011. (with A. Afonso)
[25] “Fiscal policy and asset
prices", University of
Minho, NIPE
Working Paper No. 25/2010. 2010. (with L. Agnello)
[24] “How do central banks
react to wealth composition and asset prices?", University of
Minho, NIPE
Working Paper No. 26/2010; University of Coimbra, GEMF Working Paper No.
19/2010. 2010. (with V. Castro)
[23] “Collateralizable
wealth, asset returns and systemic risk: international evidence”, University of
Minho, NIPE
Working Paper No. 15/2010. 2010.
[22] “How do consumption and
asset returns react to wealth shocks: evidence from the U.S. and the U.K.”,
University of Minho, NIPE Working Paper No. 14/2010. 2010.
[21] “Time-varying expected
returns: evidence from the U.S. and the U.K.”, University of Minho, NIPE Working Paper No.
10/2010. 2010.
[20] “The consumption-wealth
ratio and asset returns: The Euro Area, the UK and the US”, University of
Minho, NIPE Working Paper No. 9/2010. 2010.
[19] “Monetary policy and
economic activity in the BRICS”, University of Minho, NIPE Working Paper No.
27/2009. 2009. (with S.K. Mallick)
[18] “What are the wealth
effects of monetary policy?“,. University of Minho,
NIPE Working Paper No. 26/2009. 2009.
[17] “Fiscal regime shifts in
Portugal“, University
of Minho, NIPE Working Paper No. 25/2009; University of Barcelona, Research
Institute of Applied Economics, IREA Working Paper No. 200921; ISEG-Technical
University of Lisbon (UTL), Working Paper No. 41/2009/DE/UECE. 2009.
(with A. Afonso and P. Claeys)
[16] “Fundamentals, financial
factors and the dynamics of investment in emerging markets“, University of
Minho, NIPE Working Paper No. 19/2009. 2009. (with T. Peltonen and I. Vansteenkiste)
[15] “Asset prices, credit
and investment in emerging markets“, University of Minho, NIPE Working Paper
No. 18/2009. 2009. (with T. Peltonen and I.
Vansteenkiste)
[14] “Wealth effects on
consumption: evidence from the euro area”, University of Minho, NIPE Working
Paper No. 12/2009. 2009.
[13] “The determinants of
public deficit volatility“, University of Minho,
NIPE Working Paper No. 11/2009. 2009. (with L. Agnello)
[12] “Assessing long-term
fiscal developments: a new approach”, University of Minho, NIPE Working Paper
No. 7/2009; ISEG-Technical
University of Lisbon (UTL), Working Paper No. 19/2009/DE/UECE. 2009.
(with A. Afonso, L. Agnello and D. Furceri)
[11] “The impact of
government spending on the private sector: crowding-out versus crowding-in
effects”, University of Minho, NIPE Working Paper No. 6/2009. 2009. (with D. Furceri)
[10] “Wealth effects in
emerging market economies”, University of Minho, NIPE Working Paper No.
4/2009. 2009. (with T. Peltonen and I.
Vansteenkiste)
[9] “The macroeconomic
effects of fiscal policy in Portugal: a Bayesian SVAR analysis”, University of
Minho, NIPE Working Paper No. 3/2009; ISEG-Technical University of Lisbon (UTL),
Working Paper No. 9/2009/DE/UECE. 2009.
(with A. Afonso)
[8] “Assessing long-term
fiscal developments: evidence from Portugal”, University of Minho, NIPE Working
Paper No. 1/2009; ISEG-Technical
University of Lisbon (UTL), Working Paper No. 3/2009/DE/UECE. 2009.
(with A. Afonso)
[7] “The macroeconomic
effects of fiscal policy”, University of Minho, NIPE Working Paper No.
22/2008; ISEG-Technical
University of Lisbon (UTL), Working Paper No. 56/2008/DE/UECE. 2009.
(with A. Afonso)
[6] “Fiscal policy, housing
and stock prices”, University of Minho, NIPE Working Paper No. 21/2008; ISEG-Technical
University of Lisbon (UTL), Working Paper No. 58/2008/DE/UECE. 2009.
(with A. Afonso)
[5] “Expectations, shocks
and asset returns”, University of Minho, NIPE Working Paper No. 29/2007. 2007.
[4] “Wealth shocks and risk
aversion”, University of Minho, NIPE Working Paper No. 28/2007. 2010.
[3] “Consumption, (dis)aggregate
wealth, and asset returns”, University of Minho, NIPE Working Paper No.
9/2005. 2005.
[2] “Property of stocks and
wealth effects on consumption“., University of Minho,
NIPE Working Paper No. 2/2003. 2003.
[1] “Location,
specialization, diversification indicators, and shift-share analysis:
an application to the NUTIII of North Region in the period 1986-1998“, University of Minho,
NIPE Working Paper No. 13/2001. 2001. (with D. Cabral)
Research Grants
[5] 2012 Europlace
Institute of Finance (EIF) Grant (€10,000.00) (September 2012).
[4] Calouste Gulbenkian
Foundation Travel Grant (€1,040.00) (February 2011).
[3] Economic & Social
Research Council (ESRC) Grant – RES-165-25-0024 (£254,415.37),
(with N. Kiyotaki (Princeton University), C. Julliard (LSE) and A. Michaelides (LSE)):
Home Ownership, Housing Collateral and Aggregate Fluctuations (September 2006 -
August 2009).
[2] Calouste Gulbenkian
Foundation Travel Grant (€740.00) (August 2009).
[1] Portuguese Foundation
for Science and Technology (FCT) Grant – POCI/EGE/58641/2004 (€36,910.00),
(with F. Alexandre (University of Minho), P. Bação (University of Coimbra), J.
Driffill (Birkbeck College, University of London) and V. Gabriel (University of
Surrey)): Monetary Policy and Wealth Effect on Consumption (August 2005 – July
2008).
Reports
[3] "Macroeconomic
performance indicators – Cávado's Valley NUT: a comparative analysis with the
major NUT III of the Continent, the Continent and Galiza; The municipalities of
Cávado's Valley - a brief diagnosis”, Observatory for the Competitiveness and
Life's Quality, Agency for the Regional Development of the Cávado's Valley
(ADRVC), September. 2002. (with D. Cabral, L. Ramos and P. Mourão)
[2] “Macroeconomic performance
indicators - Cávado's Valley NUT: a comparative analysis with the major NUT III
of the Continent, the Continent and Galiza”, Agency for the Regional
Development of the Cávado's Valley (ADRVC) and the Ministry of Social Insurance
and Labor, September. 2000. (with J. Cadima Ribeiro and D. Cabral)
[1] “Low wages in
Portugal”, NIMA – Applied Microeconomics Research Unit and the Ministry
of Social Insurance and Labor, February. 2000. (with A.R. Cardoso,
P. Ferreira and V. Castro)
Conferences
[68] Economic Research Forum
(ERF) 29th Annual Conference, Cairo (Egypt), 4-6 May 2023. Best Paper Award.
[67]
American Economic Association (ASSA) Annual Meeting, 7-9 January 2022. [online]
[66] EcoMod2021 - International Conference on Economic Modeling and Data
Science, ECOMOD Network and Center for European Studies (CefES), 7-9 July 2021.
[online]
[65] Nineteenth Annual Conference of the European Economics and Finance
Society (EEFS), City University of London and FernUniversität Hagen, 23-25 June
2021. [online]
[64] 5th
International Workshop on "Financial Markets and Nonlinear Dynamics"
(FMND), Paris (France), 3-4 June 2021. [online]
[63] 37th
International Conference of the French Finance Association (AFFI), Nantes
(France), 26-28 May 2021. [online]
[62] 8th EEG Research Day,
University of Minho, Braga (Portugal), 12 March 2021. Plenary session. [online]
[61] 7th UECE Conference on Economic and Financial Adjustments, ISEG/UL –
School of Economics and Management / University of Lisbon, Lisbon (Portugal),
13 September 2019.
[60] 50th Anniversary Conference of the Money, Macro & Finance (MMF)
Group, London School of Economics and Political Science (LSE), London (UK), 4-6
September 2019.
[59] 26th International Conference on "Forecasting Financial
Markets", Ca’ Foscari University, Venice (Italy), 19-21 June 2019.
[58] Eighteenth Annual Conference of the European Economics and Finance
Society (EEFS), University of Genoa, Genoa (Italy), 13-16 June 2019.
[57] Fourth International Workshop on “Financial Markets and Nonlinear
Dynamics” (FMND), Paris (France), 31 May-1 June 2019.
[56] Fifth International Symposium in Computational Economics and Finance
(ISCEF), Paris (France), 12-14 April 2018.
[55] XII Annual Seminar on Risk, Financial Stability and Banking, Central Bank
of Brazil, São Paulo (Brazil), 9-11 August 2017.
[54] Fourth Annual
Conference of the Society for Economic Measurement, MIT, Samberg Center, Boston
(USA), 26-28 July 2017.
[53] Sixteenth Annual
Conference of the European Economics and Finance Society (EEFS), University of
Ljubljana, Ljubljana (Slovenia), 22-25 June 2017.
[52] Third International
Workshop on "Financial Markets and Nonlinear Dynamics" (FMND), ESSCA
Paris Campus, Paris (France), 1-2 June 2017.
[51] Energy and Commodity
Finance Conference, ESSEC Business School, Paris (France), 23-24 June 2016.
[50] Fourth International
Symposium in Computational Economics and Finance (ISCEF), Paris (France), 10-12
April 2016.
[49] Second Annual
Conference of the Society for Economic Measurement, OECD, Paris (France), 22-24
July 2015.
[48] Second International
Workshop on "Financial Markets and Nonlinear Dynamics" (FMND), ESSCA
Paris Campus, Paris (France), 4-5 June 2015.
[47] Annual Meetings of the
Latin American and Caribbean Economic Association (LACEA) and the Latin
American Econometric Society (LAMES), School of Economics, Business and Accounting at the
University of São Paulo (FEA-USP), São Paulo (Brazil), 20-22 November 2014.
[46] Annual Meeting of the
Association of Southern European Economic Theorists (ASSET), Aix-Marseille School
of Economics, Aix-en-Provence (France), 6-8 November 2014.
[45] Annual Conference
of the Society for Economic Measurement, University of Chicago’s Booth School of
Business, Chicago (USA), 18-20 August 2014.
[44] 14th Finance Meeting of
the Brazilian Finance Association, Federal University of Pernambuco, Recife
(Brazil), 24-26 July 2014. Award of the Brazilian Financial Markets
Association (ANBIMA). Category: Scientific Papers [ranked 1st].
[43] 10th BMRC-DEMS
Conference on Macro and Financial Economics/Econometrics, Brunel University,
London (UK), 28-30 May 2014.
[42] Frontiers of Finance
2014, University of Warwick, Warwick Business School, Coventry (UK), 24-25 April
2014.
[41] Third International
Symposium in Computational Economics and Finance (ISCEF), Paris (France), 10-12
April 2014.
[40] Global Finance
Conference, American University of Sharjah, Dubai (United Arab Emirates), 31
March - 2 April 2014. Best Paper Award in Investments, Financial Markets and
Valuation.
[39] Europlace Institute of
Finance Morning Conference, Europlace Institute of Finance, Paris (France), 12
February 2014.
[38] 1st Paris Financial
Management Conference, IPAG Business School, Paris (France), 15-17 December
2013.
[37] 13th Finance Meeting of
the Brazilian Finance Association, Pontific Catholic University, Rio de Janeiro
(Brazil), 18-20 July 2013.
[36] 2013 Annual Meeting of
the European Financial Management Association, Reading (UK), 26-29 June 2013.
[35] Global Political Economy
Network (GPEN)-Centre for Globalization Research (CGR), Queen Mary University
of London, London (UK), 24-25 June 2013.
[34] XXXVI Encontro da
Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD),
Fundação Getúlio Vargas, Rio de Janeiro (Brasil), 22-25 September 2012. Keynote Speaker.
[33] 7th Portuguese Finance
Network, University of Aveiro, Aveiro (Portugal), 5-7 July 2012.
[32] 6th Portuguese Economic Journal
Conference, Porto (Portugal), 5-7 July 2012.
[31] UECE Conference on
Economic and Financial Adjustments in Europe, Lisbon (Portugal), 29 June 2012.
[30] Second
International Symposium in Computational Economics and Finance, Tunis
(Tunisia), 15-17 March 2012.
[29] 38th Eastern Economic
Association Annual Conference, Boston (USA), 9-11 March 2012.
[28] 2011 Annual Meeting of
the European Financial Management Association, Braga (Portugal), 22-25 June
2011.
[27] 15th International
Conference on Macroeconomic Analysis and International Finance, Rethymno
(Greece), 26-28 May 2011.
[26] 2011 Annual
Meeting of the European Public Choice Society, Rennes (France), 28 April-1 May 2011.
[25] 37th Eastern
Economic Association Annual Conference, Ramapo College of New Jersey, New York
(USA), 25-27 February 2011.
[24] 23rd Australasian
Finance and Banking Conference, The University of New South Wales, Sydney
(Australia), 15-17 December 2010.
[23] Second Emerging Scholars
in Banking and Finance Conference, Cass Business School, City University of
London, London (UK), 9 December 2010.
[22] Conference on "New
Challenges for Public Debt in Advanced Economies", Banque de France and
Bureau d'Economie Théorique et Appliquée (BETA) of the University of
Strasbourg, Strasbourg (France), 16-17 September 2010.
[21] 25th Meeting of the
European Economic Association, Glasgow (Scotland), 23-26 August 2010.
[20] EuroConference 2010 of
the Society for the Study of Emerging Markets, Milas (Turkey), 16-18 July
2010.
[19] International Conference
on Economic Modeling – EcoMod 2010, Istanbul (Turkey), 7-10 July 2010.
[18] 6th Portuguese Finance
Network, Ponta Delgada (Portugal), 1-3 July 2010.
[17] 4th Portuguese Economic
Journal Conference, Faro (Portugal), 25-26 June 2010.
[16] Third Annual Brunel
University PhD Conference in Economics and Finance, Brunel University, London
(UK), 11 June 2010.
[15] First World Finance
Conference, Viana do Castelo (Portugal), 26-28 May 2010.
[14] 2010 Annual Meeting of
the European Public Choice Society, Izmir (Turkey), 8-11 April 2010.
[13] 36th Annual Meeting of
the Eastern Economic Association, Philadelphia (USA), 26-28 February 2010.
[12] First International
Symposium in Computational Economics and Finance, Sousse (Tunisia), 25-27 February 2010.
[11] XVIII International “Tor
Vergata” Banking and Finance Conference, University of Rome “Tor Vergata”, Rome
(Italy), 2-4 December 2009.
[10] Center for International
Capital Markets (CICM) Conference 2009, "20 Years of Transition in Central
and Eastern Europe: Money, Banking and Financial Markets", London
Metropolitan Business School, London (UK), 17-18 September 2009.
[9] The Money Macro
and Finance Research Group 41st Annual Conference, Bradford University School
of Management, Bradford (UK), 7-9 September 2009.
[8] 24th Annual
Congress of the European Economic Association (EEA) & 64th European Meeting
of the Econometric Society (ESEM), Barcelona Graduate School of Economics,
Barcelona (Spain), 23-27 August 2009.
[7] 7th INFINITI
Conference on International Finance, Trinity College, The University of Dublin,
Dublin (Ireland), 8-9 June 2009.
[6] 13th International
Conference on Macroeconomic Analysis and International Finance, Rethymno
(Greece), 28-30 May 2009.
[5] International
Conference "10 Years of the Euro: Adjustment in Capital and Labour
Markets", Economic Policies Research Unit (NIPE), University of Minho,
Braga (Portugal), 7-8 May 2009.
[4] Royal Economic Society
(RES) 2009 Annual Conference, Surrey (UK), 20-22 April 2009.
[3] XVI International “Tor
Vergata” Banking and Finance Conference, University of Rome “Tor Vergata”, Rome
(Italy), 5-7 December 2007. Young Economist – BEST PAPER award.
[2] 12th International
Conference in “Computing in Economics and Finance”, Society for Computational
Economics, Limassol (Cyprus), 22-24 June 2006.
[1] IV Meeting of Portuguese
Language’ Economists, Évora (Portugal), 2-4 October 2001.
Seminars / Workshops
[59] University of Lille, Lille (France), 27
February 2023. [online]
[58] Coventry University, Coventry (UK), 17
November 2021. [online]
[57] University of Minho, Braga (Portugal), 19
February 2020.
[56] University of Minho, Braga (Portugal), 20 September 2019.
[55] Bank
of Italy, Rome (Italy), 10 April 2019.
[54] National Bank of Belgium,
Brussels (Belgium), 3 April 2019.
[53] University of Lille, Lille (France), 5 February 2019.
[52]
European Stability Mechanism
(ESM), Luxembourg (Luxembourg), 1 February 2019.
[51] Queen Mary University of London, London (UK), 16 January 2019.
[50] Birmingham University, Birmingham (UK), 6 November 2018.
[49] Loughborough University, Loughborough (UK), 24 October 2018.
[48] University of Minho, Braga (Portugal), 20 July 2018.
[47] Newcastle University, Newcastle (UK), 15 May 2018.
[46] Bank of England, London (UK), 4 May 2018.
[45] European Central Bank, Frankfurt (Germany), 24 April 2018.
[44] King's College London, London (UK), 25 October 2017.
[43] Loughborough
University, Loughborough (UK), 16 June 2017.
[42] Bank for
International Settlements (BIS), Basel (Switzerland), 16 November 2016.
[41] Banque de France,
Paris (France), 8 July 2016.
[40] Bank for
International Settlements (BIS), Basel (Switzerland), 28 June 2016.
[39] Bank for
International Settlements (BIS), Basel (Switzerland), 28 April 2016.
[38] Bank for
International Settlements (BIS), Basel (Switzerland), 21 April 2016.
[37] Bank for
International Settlements (BIS), Basel (Switzerland), 30 March 2016.
[36] Bank for
International Settlements (BIS), Basel (Switzerland), 23 February 2016.
[35] European Central Bank,
Frankfurt (Germany), 19 June 2015.
[34] SOAS University of
London, London (UK), 19 March 2015.
[33] Brunel University,
London (UK), 12 December 2014.
[32] ESCB Workshop on House
Price Modeling for Forecasting and Valuations, European Central Bank (ECB),
Frankfurt (Germany), 28 November 2014.
[31] CEGE/NIPE Research
Workshop, Catholic University, Porto (Portugal), 19 September 2014.
[30] PhD program in
Economics, University of Minho, Braga (Portugal), 18 September 2014.
[29] NIPE Seminar Series,
University of Minho, Braga (Portugal), 17 September 2014.
[28] IPAG Business School,
Paris (France), 10 April 2014.
[27] Ca' Foscari University
of Venice, Venice (Italy), 12 March 2014.
[26] ISEG-Technical
University of Lisbon, Lisbon (Portugal), 22 October 2012.
[25] European Investment
Bank, Luxembourg (Luxembourg), 26 July 2012.
[24] MFAD Induction, Bank of
England, London (UK), 31 May 2012.
[23] MFAD Divisional Meeting,
Bank of England, London (UK), 14 December 2011.
[22] Workshop
"International Political Economy and Cross-Border Effects",
Goodenough College, London (UK), 28 April 2011.
[21] European Central Bank
(ECB), Fiscal Policies Division (FIP), Frankfurt (Germany), 18 March 2011.
[20] City University of
London, London (UK), 10 March 2011.
[19] University of
Birmingham, Birmingham (UK), 18 February 2011.
[18] Brunel University,
London (UK), 17 February 2011.
[17] Bank of England, London
(UK), 10 January 2011.
[16] University of
Southampton, Southampton (UK), 1 December 2009.
[15] NIPE Seminar Series,
University of Minho, Braga (Portugal), 25 November 2009.
[14] "Internal
mini-workshop on fiscal and financial issues", European Central Bank
(ECB), Fiscal
Policies Division (FIP), Frankfurt
(Germany), 11 May 2009.
[13] "Economic
Meeting", European
Central Bank (ECB), International
Policy Analysis Division (IPA), Frankfurt (Germany), 21 April 2009.
[12] NIPE Seminar Series,
University of Minho, Braga (Portugal), 9 January 2009.
[11] NCB Expert Meeting on
“Money demand”, European Central Bank (ECB), Frankfurt (Germany), 14 November
2008.
[10] NCB Expert Meeting on
“Cross-checking based on financial flows”, European Central Bank (ECB),
Frankfurt (Germany), 20 October 2008.
[9] European Central Bank
(ECB), International Policy Analysis Division (IPA), Frankfurt (Germany), 14
October 2008.
[8] European Central
Bank (ECB), Monetary Policy Stance Division (MSN), Frankfurt (Germany), 13
October 2008.
[7] University of
Surrey, Guildford (UK), 31 July 2008.
[6] European Central Bank
(ECB), Fiscal Policies Division (FIP), Frankfurt (Germany), 8 July 2008.
[5] University of Minho,
Braga (Portugal), 27 September 2007.
[4] London School of
Economics and Political Science, London (UK), 23 April 2007.
[3] London School of
Economics and Political Science, London (UK), 28 November 2005.
[2] University of Minho,
Braga (Portugal), 9 April 2003.
[1] University of Coimbra,
Coimbra (Portugal), 26 March 2003.
Refereeing Activity
African Finance Journal; Annals of
Operations Research; Applied Economics; British Journal of Management; Bulletin
of Economic Research; Computational Economics; Contemporary Economic Policy;
Economic Inquiry; Economic Modelling; Economic Journal; Economica; Economics
Bulletin; Economic Systems; Empirical Economics; Energy Economics; Energy
Journal; Environment & Planning C: Government and Policy; European
Financial Management; European Journal of Political Economy; International
Journal of Finance and Economics; International Review of Economics and
Finance; International Review of Financial Analysis; International Symposia in
Economic Theory and Econometrics; Journal of Banking and Finance; Journal of
Economic Behavior & Organization; Journal of Economic Growth; Journal of
Economic Inequality; Journal of Economic Studies; Journal of Empirical Finance;
Journal of Financial Markets; Journal of Forecasting; Journal of Health
Economics; Journal of International Financial Markets,
Institutions & Money; Journal of International Money and Finance; Journal of Labor
Research; Journal of Macroeconomics; Journal of Money, Credit and Banking;
Macroeconomic Dynamics; Open Economies Review; Oxford Bulletin of Economics and
Statistics; Portuguese Economic Journal; Public Choice; Public Finance Review;
Quarterly Review of Economics and Finance; Review of Development Economics;
Review of Income and Wealth; Review of International Economics; Scottish
Journal of Political Economy; Southern Economic Journal; Studies in Nonlinear
Dynamics & Econometrics; Swiss Journal of Economics and Statistics; The B.
E. Journal of Macroeconomics; The Manchester School.
Supervision of PhD
Theses
[1] Gilson Manuel Gomes Pina
(PhD in Economics, University of Coimbra). (Co-supervisor: Pedro Bação,
University of Coimbra) [Viva: 15 April 2016; Final
Classification: Pass with Distinction].
Supervision of Master
Theses
[3] Luu Thi Hong Nhung (Msc
in Economics, University of Minho). [Viva: 29 July 2014; Final
Classification: 19/20].
[2] Suéli Domingues Lopes
(MSc in Monetary, Banking and Financial Economics, University of Minho). [Viva:
14 February 2014; Final Classification: 15/20].
[1] Luís Miguel Vieira do
Couto (MSc in Monetary, Banking and Financial Economics, University of Minho). [Viva:
27 June 2012; Final Classification: 18/20].
Discussion of Theses
[11] Luu Thi Hong Nhung (Msc
in Economics, University of Minho). [Viva: 29 July 2014].
[10] Suéli Domingues Lopes
(MSc in Monetary, Banking and Financial Economics, University of Minho). [Viva:
14 February 2014].
[9] Carlos Filipe
Coelho Peixoto (MSc in Monetary, Banking and Financial Economics, University of
Minho). [Viva:
14 February 2014].
[8] Celina Leal dos
Santos (MSc in Monetary, Banking and Financial Economics, University of Minho).
[Viva:
3 May 2013].
[7] Jorge Miguel da
Silva Mariz (MSc in Monetary, Banking and Financial Economics, University of
Minho). [Viva:
20 December 2012].
[6] Vanessa Cruz (MSc
in Economics, University of Minho). [Viva: 20 December 2012].
[5] Michel Pereira
Pinto (MSc in Monetary, Banking and Financial Economics, University of Minho). [Viva:
4 December 2012].
[4] Luís Miguel Vieira do
Couto (MSc in Monetary, Banking and Financial Economics, University of Minho). [Viva:
27 June 2012].
[3] Nadia Benbouzid (PhD in
Economics – Upgrade, Queen Mary University of London). [Viva: 26 October
2011].
[2] Miguel Viegas (PhD in
Economics, Faculty of Economics of the University of Porto). [Viva: 20 December 2010].
[1] Fernanda Manuel Taveira
Veiga (MSc in Economics, University of Minho). [Viva: 11 December 2009].
Former Students/Tutees
[10] Igor Cesarec (PhD in
Economics, London School of Economics and Political Science).
[9] Jiaming Cen (PhD in
Economics, Duke University).
[8] David Gonzalez (PhD in Economics,
University of Carolina at Chapel Hill).
[7] Hui Fang Lee (PhD in
Economics, Princeton University).
[6] Clara Romero (PhD in
Economics, University of Toulouse).
[5] Qingyun Luo (MSc in
Economics, London School of Economics and Political Science).
[4] Valter Martins (MSc in
Economics, University of Cork).
[3] Anchit Sood (MSc in
Public Policy, University of Chicago).
[2] Nan Thanapoomikul (MSc
in Economics, University of Columbia).
[1] Yang Wen (MSc in
Economics, Oxford University).
Scientific Affiliations
American Economic
Association (AEA); American Finance Association (AFA); American Risk Insurance
Association (ARIA); Econometric Society (ES); European Economic Association
(EEA); Latin American and Caribbean Economic Association (LACEA); Royal Economic
Society (RES); Society of Computational Economics (SCA); Society for the Study
of Emerging Markets (SSEM); Western Economic Association (WEA).
Other Affiliations
LSE Alumni Association,
London School of Economics and Political Science (LSE).
Summer Schools
[4] "Quantitative
Methods in Macroeconomics and Policy Analysis", taught by Professor Ellen
McGrattan (Federal Reserve Bank of Minneapolis and University of Minnesota) and
organized by Economic Policies Research Unit (NIPE), University of Minho, Braga
(Portugal), 2-4 July 2007.
[3] "Globalization and
Financial Markets”, Barcelona Macroeconomics Summer School – BMSS 2005 – taught
by Professor Jaume Ventura (University of Pompeu Fabra) and organized by Centre
de Recerca en Economia Internacional (CREI), University of Pompeu Fabra,
Barcelona (Spain) 4-8 July 2005.
[2] "Methods for
Estimating Dynamic General Equilibrium Models”, Barcelona Macroeconomics Summer
School – BMSS 2004 – taught by Professor Fabio Canova (University of Pompeu
Fabra) and organized by Centre de Recerca en Economia Internacional (CREI),
University of Pompeu Fabra, Barcelona (Spain), 5-9 July 2004.
[1] "Quantitative
Techniques", taught by Professor Paul Schweinzer (Birkbeck College,
University of London) and organized by Applied Micreconomics Research Unit
(NIMA) and Economic Policies Research Unit (NIPE), University of Minho, Braga
(Portugal), 8-12 July 2002.
Other Meetings
[7] Participation on the
Regional Conference of the Observatory for the Employment and Professional
Formation, Hotel Ipanema, Porto (Portugal), 26 June 2003, having presented the
paper "Some Caracterizing Indicators of the North Region".
(with Professor Dolores Cabral).
[6] Participation on the
presentation session of the Undergraduate course in Economics of the University
of Minho to D. Maria II Secondary School, Braga (Portugal), 13 March 2003.
[5] Participation on the
presentation session of the School of Economics and Management of the
University of Minho to Penafiel's Secundary School No. 1, Braga (Portugal), 24
February 2003.
[4] Presentation of the
First Report of the Observatory for the Competitiveness and Life's Quality,
sponsored by Agency for the Regional Development of the Cávado's Valley
(ADRVC), AIMINHO, 23 September 2002, entitled "Macroeconomic
performance indicators – Cávado's Valley NUT: a comparative analysis with the
major NUT III of the Continent, the Continent and Galiza; The municipalities of
Cávado's Valley - a brief diagnosis".
[3] Participation of the
Fifth Anniversary of NAECUM - Association of Students of Economics of the
University of Minho, Braga (Portugal), 8 May 2002, having presented several
statistical and bibliographical databases and internet sites.
[2] Participation on
the 4th Meeting of Portuguese Language Economists, University of Évora, 1-4
October 2001, having presented the paper "Indicators of
localization, specialization, and diversification and shift-share analysis:
an application to the NUTIII of North Region in the period 1986-1998".
[1] Participation on the
conference organized by the Agency for the Regional Development of the Cávado's
Valley (ADRVC), IDITE Minho, 24 November 2000, having presented the
report “Indicators of macroeconomic performance - Cávado's Valley NUT :
a comparative analysis with the major NUT III of Continent, the Continent and
Galiza”.
ADMINISTRATIVE AND
MANAGEMENT ACTIVITIES
[9] 2014-present: Research
contributor of the Systemic Risk Hub (http://www.systemic-risk-hub.org).
[8] 2014-2015: Member of the
Board of Directors (PhD in Economics, University of Minho).
[7] 2014: Organizer of the
11th Summer School of the Economic Policies Research Unit (NIPE), “Empirical
Financial Economics”, taught by Professor Stephen Brown (NYU).
[6] 2010-2011: Member of the
Board of Directors, MSc in Economics, University of Minho.
[5] 2009-2011: Member of the
Board of Directors, MSc in Monetary, Banking and Financial Economics,
University of Minho.
[4] 2008-present:
Member of the Council, Department of Economics, University of Minho.
[3] 2008: Member of the team
responsible for the creation and development of the MSc in Monetary, Banking
and Financial Economics, University of Minho.
[2] 2001-2002: Member of the
group responsible for the publication of the Information Bulletin, Department
of Economics, University of Minho.
[1] 2001-2002: Delegate of
the Assistants and Teaching Assistants of Department of Economics, University
of Minho.
AWARDS
[13] 2019 EEG-UMinho Research Award.
[12] Nominated for the
Euronext Lisbon Awards 2015. Category: Best Scientific Research on Portuguese
Capital Markets - PhD Thesis and Published Articles.
[11] 14th Finance
Meeting of the Brazilian Finance Association. Award of the Brazilian Financial
Markets Association (ANBIMA) 2014. Category: Scientific Papers [ranked 1st].
[10] 2014 Global
Finance Conference. Best
Paper Award in Investments, Financial Markets and Valuation.
[9] Listed in the 2010
Edition of Marquis Who's Who in World.
[8] XVI International “Tor
Vergata” Conference on Banking and Finance. Young Economist – BEST PAPER award
2008.
[7] Tutorial Fellowship,
London School of Economics and Political Science, 2006-2007.
[6] PhD Scholarship,
Portuguese Foundation for Science and Technology, Ministry of Science and
Technology, 2003-2007.
[5] “Fundação Engenheiro
António de Almeida”, Foundation “Engenheiro António de Almeida”, best student
of the BSc in Economics, University of Minho, 2000.
[4] Merit Award, Portuguese
Ministry of Education, best student of the BSc in Economics, University of
Minho, 2000.
[3] Merit Award, University
of Minho, best student of the BSc in Economics, University of Minho, 1999.
[2] Merit Award, University
of Minho, best student of the BSc in Economics, University of Minho, 1998.
[1] Merit Award, University
of Minho, best student of the BSc in Economics, University of Minho, 1997.
KNOWLEDGE OF
ECONOMETRIC/STATISTICAL SOFTWARE
R, Stata, Gauss, E-Views, Matlab,
PcGive and Rats.
LANGUAGES
Portuguese (native), English
(fluent), Italian (fluent), Spanish (fluent) and French (fair).
OTHER
Sports: soccer, surf and
tennis.
Hobbies: collection of
stamps, karting and traveling.